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Common Dreams To inform. To inspire. To ignite change for the common good.

Economy

March in Paris with sign saying Tax the rich in French.

Thousands March Across Europe Against Inequality and 'for Young People’s Future'

“Looking at countries like the United States, we don’t want to end up like them, where part of the population has everything and the others have nothing,” one French protester said.

Olivia Rosane
Oct 24, 2026

Hundreds of thousands of people took to the streets across Europe on Saturday as anger continues to build over the rising cost of living and deteriorating social services.

While demonstrators emphasized different demands in different countries, the protest wave reflects a sense that the status quo has ceased to work for ordinary people, especially the young.

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Customers check fruit at a grocery store in New York City on October 14, 2026.

Consumer Sentiment Data Another Sign Trump 'Affordability Crisis Is Getting Worse, Not Better'

"High prices and borrowing costs are making it harder for people to afford everyday necessities, and inflation expectations are rising again."

Jessica Corbett
Oct 23, 2026

With early voting underway for the midterm elections and Democrats campaigning on how prices have soared under a Republican-controlled Congress and President Donald Trump, data released Friday show US consumer sentiment nearing an all-time low.

The University of Michigan's Surveys of Consumers announced that its Consumer Sentiment Index dropped to 48 this month, down from 48.1 in September and 53.6 last October. The record low was 44.8, this past May.

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affordability
Walkout Held Nationwide To Protest AI Development

'Pause AI Now!' Sanders Says as US Banks Let Agents Operate in Customer Accounts

“Left unchecked, AI could endanger the entire global financial system—including your bank account.”

Brett Wilkins
Oct 22, 2026

Sen. Bernie Sanders on Thursday renewed calls to pause development of artificial intelligence following reporting that unauthorized AI agents are operating inside the systems of major US banks.

Axios' Madison Mills revealed that Morgan Stanley, Bank of America, JPMorgan Chase, Wells Fargo, and other financial institutions are "racing to contain agent risks," including "situations when an agent or AI assistant accesses a human's account with the user's permission and login credentials," which "goes against the guidelines of most banks requiring that humans log in to their own accounts."

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artificial intelligence
Activists Demonstrate Against Tax Breaks For The Rich And Corporations

Largest US Corporations Paid Lowest-Ever Tax Rate in 2025 Thanks to Trump and GOP: Study

"At a time when lawmakers claim the country cannot afford investments in families and communities, some of the most profitable corporations in American history are paying little or nothing in federal income taxes."

Brett Wilkins
Oct 22, 2026

Some of the biggest US corporations paid an effective federal income tax rate of just 10.4% last year as Republican legislation passed by President Donald Trump disproportionately benefited businesses and the superrich while eviscerating key social programs, a study published Thursday revealed.

The 706 corporations examined by the Washington, DC-based Institute on Taxation and Economic Policy (ITEP) reported a combined $1.88 trillion in US profits in 2025, yet paid less than half the statutory federal corporate income tax rate of 21%. Of those companies, the study found that 114 paid no federal income taxes at all.

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taxation
AI signage at Mumbai summit.

'Working People Will Pay a High Price': Report Warns AI Bubble Is 'Primed to Pop'

"Policymakers need to act now to shore up the financial system and make clear that taxpayers will not be forced to bail out the companies and financiers responsible."

Brad Reed
Oct 21, 2026

A report released on Wednesday warns that the investment boom in artificial intelligence is a financial bubble that is "primed to pop" and harm working-class Americans if lawmakers don't take concrete steps to shield them from the damage.

The report, produced by Open Markets Institute and Americans for Financial Reform Education Fund, warns that Big Tech companies are using increasingly risky debt-fueled financing methods to keep plowing money into AI infrastructure, which has resulted in global stock markets growing overvalued to "a historic degree."

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artificial intelligence
'Consumers Are Feeling Spooked': Trump's Failed Economic Policies Send Price of Halloween Candy Soaring

'Consumers Are Feeling Spooked': Trump's Failed Economic Policies Send Price of Halloween Candy Soaring

"Trick-or-treaters will have to make due with miniature candy bars this year to accommodate Trump’s king-size price hikes."

Brad Reed
Oct 20, 2026

President Donald Trump's illegal war with Iran and his global tariffs have tag-teamed to jack up the price of Halloween candy, according to a report published Tuesday.

The new analysis by Groundwork Collaborative and The Century Foundation finds that the price of popular Halloween candy has increased by more than 15% during the last year, which is several times the overall rate of inflation over the same period.

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donald trump
Elon Musk

Top Economist Says Elon Musk Needs to 'Pay More Taxes,' Not Just Donate SpaceX Shares

"The American people don’t need billionaires making grand promises of generosity," said University of California, Berkeley professor Gabriel Zucman. "They need billionaires to pay their fair share."

Jake Johnson
Oct 20, 2026

A world-renowned economist said Monday that Elon Musk's pledge to donate a share of his company, SpaceX, to every American child is not nearly enough to redress the exploding wealth inequality that he personifies.

Gabriel Zucman, a professor at the University of California, Berkeley and a leading inequality expert, wrote in a series of social media posts directed at Musk that "if you really want to help the American people, I have a better suggestion than charity: pay more taxes."

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US-POLITICS-DIPLOMACY-MEXICO-OCEANS-TRUMP

While Waging War and Wrecking Economy, Trump's Focused On... Renaming New Mexico

"New Mexico is New Mexico, and you lost here three times because you're corrupt and don't care about working people," said Deb Haaland.

Brett Wilkins
Oct 19, 2026

As Americans suffer from an affordability crisis exacerbated by President Donald Trump's policies, both foreign and domestic, critics on Monday excoriated him for his inane pursuit of changing the name of yet another geographical place—this time, one of the nation's most culturally distinct states.

"New Mexico should immediately change its name to New America," Trump wrote on his Truth Social network. "We are not Mexico, we are the United States of America! The name would add great value and prestige to the State!"

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donald trump
GOP Operatives 'Taken Aback' as Rural Voters Blame Billionaires for Economic Woes: Report

GOP Operatives 'Taken Aback' as Rural Voters Blame Billionaires for Economic Woes: Report

"Trump told everybody one singular truth. He said the system is broken... and unfortunately, it turned out that he was lying about all the ways they were going to fix these things," said Montana Democratic congressional candidate Sam Forstag.

Brad Reed
Oct 18, 2026

Rural voters who have long been the Republican Party's core base are expressing major discontent with the current state of the US economy, which has been hurt by President Donald Trump's tariffs and his illegal war with Iran.

While it's not clear that rural voters are ready to abandon the GOP to support Democrats, a recent focus group showed they appear receptive to populist economic appeals.

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billionaires
US Families Have Spent an Extra $4,700 Each Due to Trump Policies—Including $100 Billion on Gas

US Families Have Spent an Extra $4,700 Each Due to Trump Policies—Including $100 Billion on Gas

"While President Trump and congressional Republicans promised to lower prices, their actions instead sent prices soaring," said Democratic US Sen. Maggie Hassan.

Brad Reed
Oct 15, 2026

Democrats on the congressional Joint Economic Committee on Thursday published updated data estimating that President Donald Trump's policies have cost the average US family $4,700 during the first two years of his second term.

One major driver of price increases has been Trump's illegal war with Iran, which led to a global spike in energy prices after Iran shut down the Strait of Hormuz in retaliation for military strikes Trump launched without congressional authorization in February.

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joint economic committee
A local resident shops at a supermarket

COLA Lift for Social Security Not Enough, Say Critics, as Trump Economy Makes Life Harder for Seniors

"Social Security’s future is on the ballot this November," said one advocate, "and that includes the size of annual COLA adjustments.“

Julia Conley
Oct 14, 2026

The rising cost of healthcare and other essentials means that the modest cost-of-living adjustment for about 76 million Social Security beneficiaries, announced Wednesday by Social Security Administrator Frank Bisignano, is likely to make only a small difference for senior citizens struggling to afford gasoline and groceries, said economic justice advocates.

Bisignano said the COLA for 2027, effective in January for most beneficiaries, will be 3.6%, amounting to an average of about $75 more per month.

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social security
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